Epic Games acquires online music store Bandcamp • Eurogamer.net
Bandcamp, the so-called “online record store and music community”, has been acquired by Epic Games, as part of what the Fortnite developer and Unreal Engine calls its vision to create a “creator marketplace ecosystem”. .
In one statement shared on the Bandcamp blogco-founder and CEO Ethan Diamond explained that the company will continue to operate as a stand-alone marketplace and music community after the acquisition, and he will continue to serve as CEO.
“The products and services you depend on aren’t going anywhere,” Diamond wrote. “We will continue to build Bandcamp around our artist-driven revenue model (where artists make an average of 82% of every sale), you will still have the same control over how you offer your music, Bandcamp Fridays will continue as planned, and the Daily will continue to showcase the diverse and amazing music on the site.”
While Bandcamp users aren’t likely to see any immediate changes after the acquisition, Diamond says the company will work with Epic behind the scenes to expand internationally and “drive the development forward” of its services, “from the basics like our album pages, mobile apps, merchandising tools, payment system, and search and discovery features, to new initiatives like our vinyl pressing and live streaming services.”
In one separate statement Announcing the news, Epic said the two companies “share a mission to create the most artist-friendly platform that allows creators to keep the majority of their hard-earned money.” He added “Bandcamp will play an important role in Epic’s vision to create a creator marketplace ecosystem for content, technology, games, art, music and more.”
Epic’s acquisition of Bandcamp marks its third purchase of a creator-focused platform in less than a year, with the company having previously acquired artist portfolio, job listing and marketplace site ArtStation. last April, and the Sketchfab 3D model marketplace in July.
Bandcamp is the latest addition to a rapidly growing list of companies under the Epic Games umbrella. Since 2018, Epic has, alongside ArtStation and Sketchfab, acquired Cloudgine, Quixel, SuperAwesome, Hyprsense, RAD Games Tools, Tonic Games Group – which includes Fall Guys developer Mediatonic and Fortitude Games – as well as Rocket League studio Psyonix and Rock Band developer Harmonix.